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4601 South Cooper Street

CBRE Brokers Sale Of Cooper Street Plaza In Arlington To Vista Property Co
SOLDRetail

CBRE Brokers Sale Of Cooper Street Plaza In Arlington To Vista Property Co

4601 South Cooper Street

Building Size

91,856 SF

Asset Type

Retail

Closing

Sep 26, 2023

AI

CBRE has brokered the sale of Cooper Street Plaza, a 91,856-square-foot shopping center located at 4601 South Cooper Street in Arlington. The retail property includes anchor tenants K&G Mens Co. and Office Max. The sale was facilitated by brokers Jared Aubrey and Michael Austry of CBRE. The buyer of the property was Vista Property Co.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Date: 09/26/2023
  • Address: 4601 South Cooper Street
  • Market: Arlington

The brokers involved in this deal were Jared Aubrey and Michael Austry from CBRE. They played a crucial role in facilitating the transaction between the seller and the buyer, Vista Property Co.

Players

Michael Austry

CBRE

Broker

$6.5M

vol

6 deals

Broker
VC
Vista Property Co.Buyer

Arlington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93